We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • $GBPUSD: #China, #HongKong , #Brexit, todo pesa sobre #GBPUSD en su intento de superar 1.23 #trading https://t.co/NtCoq0K3MW
  • #Equities: US futures on the front-foot with market participants returning from their elongated break, which in turn sees the S&P 500 pierce the psychological 3000. Get your #equities market update from @JMcQueenFX here: https://t.co/7O447VkToZ https://t.co/t9KDTYEZsb
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 76.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ylaacf3TiF
  • Heads Up:🇮🇹 Business Confidence due at 08:00 GMT (15min) Expected: 79 Previous: 89.5 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Heads Up:🇮🇹 Consumer Confidence due at 08:00 GMT (15min) Expected: 88.5 Previous: 101 https://www.dailyfx.com/economic-calendar#2020-05-28
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: 0.68% Silver: 0.52% Oil - US Crude: -3.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/MtaPeIwu2z
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.05% 🇳🇿NZD: 0.05% 🇨🇦CAD: -0.03% 🇯🇵JPY: -0.06% 🇦🇺AUD: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/EtV764S650
  • Instant risk-off response in markets. #JPY and #USD up. #AUD, #NZD and #SPX futures down. Lets see now if this has follow-through... https://t.co/bQsvaM1MjU
  • China legislator votes to adopt Hong Kong Security Bill
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.93% FTSE 100: 0.87% France 40: 0.85% Wall Street: 0.80% US 500: 0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/7ReTMJsowa
USD/CAD Goes into Sideways Drift

USD/CAD Goes into Sideways Drift

2013-04-01 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_usd-cad_body_usdcad.png, USD/CAD Goes into Sideways Drift

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: Price has dropped into support from the trendline that extends off of the 2013 lows. The current level down to 1.0100 is support. Bigger picture, a bearish triangle from the 2011 low remains very much possible. Weekly RSI has failed before 70 (right where it did at the 2011 and 2012 highs) as well. Another run at 1.0342 is possible, even in the context of a larger bearish triangle, so this isn’t a bad place to pick on the long side but I wouldn’t risk anything below parity.

FOREXTrading Strategy: Flat

LEVELS: .9932 1.0022 1.0100 1.0215 1.0260 1.0342

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.